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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (58030)	4/29/1999 12:36:00 AM
From: JBW	Read Replies (1) \| Respond to of 132070

Mike, I also received one of those $5.00 off coupons. Looks like anyone with a Prodigy account or who bought a book through Amazon received one. Has to add up to some big money. Even after tax adjusting. Look for a big up day tomorrow. To bad the premiums are so high on these. Plus what happens if a put does well but then you can't sell it with the stock in freefall? Has that ever happened? JBW

To: Knighty Tin who wrote (58030)	4/29/1999 6:09:00 AM
From: valueminded	Read Replies (1) \| Respond to of 132070

Mike You have got to be tempted by Amazon by now. Consider the waaaay out of money leaps say Jan 50's at 1.5 or so. The stock is not worth 10 in any rational model so it certainly fits the risk/reward ratio. Second, in my posting to Earlie, I mentioned my interpretation of the IBM stock buy backs. IBM spends 2billion to "retire" 10mil shares. Interest cost on the 2bil borrowed is min 120-140 mil/ year or 12-14 per share. Since earnings are lower than this than how can the "stock buyback" be accretive to earnings unless they manage to juggle the tax benefit of the interest payments. (or am I missing something as usual) Secondly, where did you get the detailed information on the IBM financials, I was not able to find. thanks